Taxes
Latest Taxes News
Our Washington (Isn’t) Calling Edition
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in…
States With Tax Breaks for Renters: Do You Qualify?
“Tax breaks for renters are different from homeowners,” said Aaron Cirksena, CEO and Founder of MDRN Capital. “To qualify, renters need…
Coca-Cola Could Face $16 Billion IRS Bill After Its Tax Court Arguments Fall Flat
Last week, after a U.S. Tax Court judge ruled against it in a transfer pricing case, Coca-Cola said it would…
The SALT Cap After 2025
Ted Peterson of the University of North Texas Ryan College of Business discusses the SALT deduction cap and its potential…
IRS Urges Taxpayers To Seek Out Trusted Tax Pros, Not Social Media, For Tax Advice
The IRS has issued a consumer alert after seeing bad advice circulating on social media about several credits, including a…
An Overview Of Common IRS Penalty Defenses For A Late-Filed Form 3520
Corrected, July 18, 2024: This article has been updated to fix a typo in the fifth paragraph and clarify a…
Grounded By IRS: U.S. Passport Denied Or Revoked For Delinquent Taxes
Did you know that your U.S. passport could be denied, revoked, or not renewed if you owe significant back taxes?…
Despite Ruling, Fights Over Maryland’s Digital Advertising Tax Continue In Court
Maryland’s digital advertising tax—codified as the Digital Advertising Gross Revenue Tax Act—is in the news again following a recent ruling…
What to Know About Form 8889 for HSAs
If you’ve made contributions to or taken distributions from a health savings account (HSA), the IRS requires you to report…
Modeling A 1% Wealth Tax—Back Of The Envelope Calculations
A wealth tax is a levy imposed on the net value of held assets, including cash, real estate, investments, and…
